PITTSBURGH, Nov. 20, 2014 – PNC Bank Canada Branch, the Canadian branch of PNC Bank, N.A., today announced the closing of a $90 million asset-based loan for the Flynn Group of Companies. The transaction includes foreign exchange and treasury management services. Based in Mississauga, Ontario, the company is using the funds for acquisition and expansion within the United States.
Flynn is a leading building trade contractor, providing services in the institutional, commercial and industrial construction marketplace throughout North America.
PNC Bank Canada Branch is a Canadian federally-regulated full service foreign bank branch, dedicated to commercial banking. It is authorized to carry on banking business in Canada and regulated by the Canadian Office of the Superintendent of Financial Institutions. Deposits with PNC Bank Canada Branch are not insured by the Canada Deposit Insurance Corporation. Nor are deposits with PNC Bank Canada Branch insured by the United States Federal Deposit Insurance Corporation.
PNC Bank is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC (www.pnc.com) is one of the United States’ largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.
CONTACT:
Timothy Stokes
(412) 762-0278
timothy.stokesjr@pnc.com
